Regions Bank
Operational Risk Analyst - Consumer and Wealth Risk Management
Regions Bank, Charlotte, North Carolina, United States, 28245
Operational Risk Analyst - Consumer and Wealth Risk Management
Thank you for your interest in a career at Regions. Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Job Description At Regions, the Operational Risk Analyst is responsible for advanced operational risk analysis (identification, measurement, mitigation, monitoring, and reporting) and complex assignments under minimal supervision. This position may design and/or develop risk programs or risk models for the Bank and provides guidance and effective challenge to the first line of defense on implementation, execution and monitoring of the operational risk management framework. This position may also serve as a lead or subject matter expert.
Primary Responsibilities
Coordinates with internal and external parties in risk management across various areas including financial reporting, stress testing, controls, policy and procedure documentation, governance and reporting activities, and regulatory compliance
Guides team in improving and providing regular updates to practices, reports, policies, and procedures designed to avoid risks
Oversees team processes and updates policies to reflect improvements
Maintains necessary training to stay well informed of regulatory and industry practices
Supports the first line of defense in investigating, reviewing and providing effective challenge to risk metrics and metric breaches
Works to limit risk exposure including those resulting from human error, transaction, processing failure, external events, threats to information systems, data integrity and fraudulent activities
Works with business units to understand business, drivers, concerns, future plans and offer support to mitigate risk
Conducts assessments of business unit exposures and new business initiatives, identifying risks, evaluating their potential impact and reviewing the strengths and weaknesses of the firm's existing controls
Provides regulatory exam support by compiling requested information and developing materials, as needed
Continuously monitors control compliance and prevalent risk environment to ensure that exposures are kept at acceptable levels
Supports the first line of defense with the evaluation and remediation of operational risk/loss events including root cause analysis and process improvement recommendations; may oversee and monitors remediation plans
May assist in developing metrics, models and tools to create and analyze Operational Risk Loss Estimates and other capital planning documentation
May design, develop, and implement independent reporting and/or financial analysis to assist in oversight
Acts as a liaison between third line and first line of defense
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
Bachelor's degree in Business, Finance, Engineering, Quantitative, Risk or related field and five (5) years of experience in risk management, consulting, technology, business analytics, data management or financial industry
Or High School Diploma or GED and seven (7) years of experience in risk management, consulting, technology, business analytics, data management or financial industry
Preferences
Knowledge of Enterprise Governance, Risk Management and Compliance (EGRC) technologies
Knowledge of the Committee of Sponsoring Organizations (COSO) framework, digital compliance, data management standards, financial statement reporting risk, internal controls, and United States generally accepted accounting principles (GAAP)
Experience with data visualization and programming software (Structured Query Language/SQL, Python, R, Power Business Intelligence/Power BI, or related database reporting software)
Exposure to Agile practices and tools
Prior experience with performance improvement work
Certified Public Accountant (CPA), if responsible for Sarbanes-Oxley program design
Skills And Competencies
A self-starter with high level of intellectual curiosity
Advanced knowledge of enterprise and operational risk management framework and principles
Advanced proficiency with Microsoft Products (Excel, PowerPoint, Power BI, Teams, Visio, SharePoint)
Advanced communication skills, both developing deliverables and presenting to professionals at all levels
Advanced knowledge of risk and control self-assessment methodologies, process, and tools
Advanced negotiation skills
Advanced project management and multi-tasking skills with demonstrated ability to manage expectations and deliver results
Familiarity with financial and/or non-financial risk management strategies
High degree of problem-solving skills with ability to understand processes and technology
Position Type Full time
Seniority level Not Applicable
Employment type Full-time
Job function Finance and Sales
Industries Banking
Compensation Details Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job. The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Minimum Job Range Target: $81,644.20 USD
Median: $103,860.00 USD
This job may participate in an annual discretionary bonus plan.
Benefits Information Regions offers a benefits package that is flexible, comprehensive and recognizes that 'one size does not fit all' for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please copy the link below to your browser: Regions' benefits: https://www.regions.com/welcometour/benefits.rf
Location Regions Center, Birmingham, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
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This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Job Description At Regions, the Operational Risk Analyst is responsible for advanced operational risk analysis (identification, measurement, mitigation, monitoring, and reporting) and complex assignments under minimal supervision. This position may design and/or develop risk programs or risk models for the Bank and provides guidance and effective challenge to the first line of defense on implementation, execution and monitoring of the operational risk management framework. This position may also serve as a lead or subject matter expert.
Primary Responsibilities
Coordinates with internal and external parties in risk management across various areas including financial reporting, stress testing, controls, policy and procedure documentation, governance and reporting activities, and regulatory compliance
Guides team in improving and providing regular updates to practices, reports, policies, and procedures designed to avoid risks
Oversees team processes and updates policies to reflect improvements
Maintains necessary training to stay well informed of regulatory and industry practices
Supports the first line of defense in investigating, reviewing and providing effective challenge to risk metrics and metric breaches
Works to limit risk exposure including those resulting from human error, transaction, processing failure, external events, threats to information systems, data integrity and fraudulent activities
Works with business units to understand business, drivers, concerns, future plans and offer support to mitigate risk
Conducts assessments of business unit exposures and new business initiatives, identifying risks, evaluating their potential impact and reviewing the strengths and weaknesses of the firm's existing controls
Provides regulatory exam support by compiling requested information and developing materials, as needed
Continuously monitors control compliance and prevalent risk environment to ensure that exposures are kept at acceptable levels
Supports the first line of defense with the evaluation and remediation of operational risk/loss events including root cause analysis and process improvement recommendations; may oversee and monitors remediation plans
May assist in developing metrics, models and tools to create and analyze Operational Risk Loss Estimates and other capital planning documentation
May design, develop, and implement independent reporting and/or financial analysis to assist in oversight
Acts as a liaison between third line and first line of defense
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
Bachelor's degree in Business, Finance, Engineering, Quantitative, Risk or related field and five (5) years of experience in risk management, consulting, technology, business analytics, data management or financial industry
Or High School Diploma or GED and seven (7) years of experience in risk management, consulting, technology, business analytics, data management or financial industry
Preferences
Knowledge of Enterprise Governance, Risk Management and Compliance (EGRC) technologies
Knowledge of the Committee of Sponsoring Organizations (COSO) framework, digital compliance, data management standards, financial statement reporting risk, internal controls, and United States generally accepted accounting principles (GAAP)
Experience with data visualization and programming software (Structured Query Language/SQL, Python, R, Power Business Intelligence/Power BI, or related database reporting software)
Exposure to Agile practices and tools
Prior experience with performance improvement work
Certified Public Accountant (CPA), if responsible for Sarbanes-Oxley program design
Skills And Competencies
A self-starter with high level of intellectual curiosity
Advanced knowledge of enterprise and operational risk management framework and principles
Advanced proficiency with Microsoft Products (Excel, PowerPoint, Power BI, Teams, Visio, SharePoint)
Advanced communication skills, both developing deliverables and presenting to professionals at all levels
Advanced knowledge of risk and control self-assessment methodologies, process, and tools
Advanced negotiation skills
Advanced project management and multi-tasking skills with demonstrated ability to manage expectations and deliver results
Familiarity with financial and/or non-financial risk management strategies
High degree of problem-solving skills with ability to understand processes and technology
Position Type Full time
Seniority level Not Applicable
Employment type Full-time
Job function Finance and Sales
Industries Banking
Compensation Details Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job. The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Minimum Job Range Target: $81,644.20 USD
Median: $103,860.00 USD
This job may participate in an annual discretionary bonus plan.
Benefits Information Regions offers a benefits package that is flexible, comprehensive and recognizes that 'one size does not fit all' for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please copy the link below to your browser: Regions' benefits: https://www.regions.com/welcometour/benefits.rf
Location Regions Center, Birmingham, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
#J-18808-Ljbffr